About batandkat

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Re: Lifelong Learning Credit - how to reconcile with 529 payments

Just so I am understand the "non refundable" aspect of this...IF a person in question had NO tax liability and did not have any income to report (ie, a full-tim...

batandkat

1

Updated Mar 26, 2025
Re: Lifelong Learning Credit - how to reconcile with 529 payments

Tuition alone was $12800, so over the $10000 limit for the LLC.The 529 plan paid tuition ($12800) plus room/board ($8500 - which is allowed for 529 to cover).I ...

batandkat

Updated Mar 26, 2025
Re: Lifelong Learning Credit - how to reconcile with 529 payments

One more question regarding the "refund" by using the LLC:"The LLC is not refundable. So, you can use the credit to pay any tax you owe but you won't receive an...

batandkat

3

Updated Mar 26, 2025
Re: Lifelong Learning Credit - how to reconcile with 529 payments

Follow up:Our son is NOT being claimed as a dependent by us.He is filing single.We are filing joint/marriedWe have not filed our taxes yet (important to note, i...

batandkat

2

Updated Mar 26, 2025

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Date Registered	‎March 25, 2025 8:31 AM
Date Last Visited	‎April 7, 2025 6:22 PM
Total Messages Posted	5

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